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Name: Pluang-Trading US Stock Crypto
Availability: InStock
Rating: 4.735654830932617 (107934 reviews)
Author: pluang

Your investment safety is our top priority

Is Pluang regulated?

Pluang Licenses and Permits

Every product provided by Pluang has official permits granted by the Indonesian Commodities and Futures Trading Regulatory Authority (Badan Pengawas Perdagangan Berjangka Komoditi or Bappebti) or the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK), and are registered in accordance with the laws and regulations in the Republic of Indonesia.

US Stocks, ETFs, and Options

US Stocks, ETFs, and Options are facilitated by PT PG Berjangka as a Derivatives Broker which is licensed and supervised by the Financial Services Authority of Indonesia (OJK) for financial derivative products with underlying securities. Transactions are recorded on the Jakarta Futures Exchange (JFX) and the Indonesian Futures Clearing House (KBI).

Crypto Assets and Crypto Futures

Crypto Assets and Crypto Futures (Perpetual Contracts) are facilitated by PT Bumi Santosa Cemerlang as a Digital Financial Asset Trader which is licensed and supervised by the Financial Services Authority of Indonesia (OJK). Transactions are facilitated by Central Finansial X (CFX) and are guaranteed by Kliring Komoditi Indonesia (KKI).

Indonesian Stocks

Indonesian Stocks (by PT Sarana Santosa Sejati as a Level-II Institutional Security Brokers Marketing Partner, in collaboration with PT Pluang Maju Sekuritas as a Securities Company) are licensed and supervised by OJK.

Mutual Funds

Mutual Funds are powered by PT Sarana Santosa Sejati (Pluang Grow) as a Mutual Fund Securities Selling Agent (Agen Penjual Efek Reksa Dana or APERD), which is licensed and supervised by OJK.

Gold

Gold is facilitated by PT Pluang Emas Sejahtera as a Digital Gold Market Maker which is licensed and supervised by the Commodity Futures Trading Regulatory Agency (Bappebti).

Electronic System Provider (PSE) Licenses

Additionally, digital-based investment platforms require an Electronic System Provider (Penyelenggara Sistem Elektronik, or PSE) license issued by the Ministry of Communication and Digital Affairs (Komdigi) before they can operate legally. This permit aims to regulate and guarantee the quality of investment platform services to the public. Pluang has obtained PSE licenses with the following registered numbers:

PT PG Berjangka

005506.01/

DJAI.PSE/08/2022

PT Bumi Santosa Cemerlang

001302.01/

DJAI.PSE/10/2021

PT Sarana Santosa Sejati (Pluang Grow)

000994.02/

DJAI.PSE/07/2022

PT Pluang Emas Sejahtera (Pluang Emas)

001419.01/

DJAI.PSE/10/2021

We work with trusted partners

Each asset class is securely stored in licensed custodian partners. All transactions made on Pluang are guaranteed and cleared through respective partners.

Licensed Margin Storage Banks

Individual deposits made by customers are separated from other users and Pluang’s operational accounts, and are stored in licensed margin storage bank accounts owned by the clearing house. The licensed margin storage bank to store customer funds are:

Bank BCA

Bank CIMB Niaga

Bank Artha Graha Internasionsal

For Bappepti products, Pluang maintains segregated accounts used specifically to hold customer funds and is only used for customer transactions. All segregated accounts need to be approved by Bappepti and regularly reported on a daily, weekly, and monthly basis. These accounts are completely separated from the company’s operational accounts.

For OJK products (ie. Mutual Funds), Pluang works with PT Sarana Santosa Sejati, which has an APERD license. As an APERD, the company does not receive customer money directly but all money topped up gets immediately sent directly to the respective Custodian Banks that the Investment Manager works with. You can refer to the fund fact sheet of the respective Mutual Fund to identify which is the custodian banking partner the Investment Manager works with.

For Crypto Assets, Pluang works with PT Bumi Santosa Cemerlang, which is licensed and supervised by the Financial Services Authority of Indonesia (OJK). Pluang maintains segregated accounts used specifically to hold customer funds and is only used for customer transactions. All segregated accounts need to be approved by OJK and regularly reported on a daily and monthly basis. These accounts are completely separated from the company’s operational accounts.

Our Transactions and Custodian Partners

Asset Type

Transactions

Custodian Partners

Gold

Transactions

All transactions are recorded on the Jakarta Futures Exchange (JFX) and are guaranteed by Kliring Berjangka Indonesia (KBI)

Custodian Partners

All Gold is stored in a depository owned by PT Pegadaian, a state owned company, who is appointed by Kliring Berjangka Indonesia (KBI) and Kinesis Monetary Indonesia (KMI) as an authorized and licensed gold depository in Indonesia. All Gold is fully insured and stored by Pegadaian under high security.

US Stocks, ETFs, USD Yield, and Leverage (PALN)

Transactions

All transactions are recorded on the Jakarta Futures Exchange (JFX) and are guaranteed by Kliring Berjangka Indonesia (KBI).

Custodian Partners

Pluang works with Alpaca Securities LLC, a licensed broker in the United States. Alpaca operates in accordance with the regulations of the United States Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).
All USD funds are stored in a US-based custodian bank with a AA- Fitch Rating, BMO Harris.
Details of individual stock ownership can be accessed via SITNA, where all KBI transactions are recorded.

Options

Transactions

All transactions are recorded on the Jakarta Futures Exchange (JFX) and are guaranteed by Kliring Berjangka Indonesia (KBI).

Custodian Partners

Pluang works with Atomic Vaults LLC , a licensed broker in the United States. Atomic Vaults operates in accordance with the regulations of the United States Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).
All USD funds are stored in a US-based custodian bank with a AA- Fitch Rating, BMO Harris.
Details of individual stock ownership can be accessed via SITNA, where all KBI transactions are recorded.

Crypto Assets

Transactions

All transactions are recorded by Central Finansial X (CFX) and are guaranteed by Kliring Komoditi Indonesia (KKI).

Custodian Partners

Crypto Assets are stored in Fireblocks , the #1 world leading Crypto custody with multi-party computation (MPC) cryptography to safely secure Crypto Assets.

Crypto Futures (Perpetual Contracts)

Transactions

All transactions are recorded by Central Finansial X (CFX) and are guaranteed by Kliring Komoditi Indonesia (KKI).

Custodian Partners

All margin for Crypto Futures are stored with Kliring Komoditi Indonesia (KKI) and Indonesian Coin Custodian (ICC). ICC stores Crypto Assets in Fireblocks with multi-party computation (MPC) cryptography to safely secure Crypto Futures margin.

Indonesian Stocks

Transactions

All transactions are recorded and guaranteed by Kliring Penjaminan Efek Indonesia (KPEI).

Custodian Partners

Assets and funds are recorded and held by the Indonesia Central Securities Depository or Kustodian Sentral Efek Indonesia (KSEI).

Mutual Funds

Transactions

All transactions are facilitated by the Indonesia Central Securities Depository or Kustodian Sentral Efek Indonesia (KSEI).

Custodian Partners

Each Mutual Fund stores funds in their own respective custodian partner (a national bank).
Details for each Mutual Fund's custodian bank can be found here.
Details of Mutual Fund ownership per unit can be accessed via AKSes

What happens to my funds if Pluang ceases operations?

All customer funds are stored in a licensed entity and separated in a segregated account and as mentioned will not commingle with Pluang Operation account. With all regulatory supervision, Pluang cannot withdraw money from customer segregated accounts if it's not related to customer transactions. Customer funds are insured by respective regulatory licensed entities and will remain secure in the event that Pluang ceases operations.

Kliring Berjangka Indonesia (KBI)

KBI is a state owned enterprise (BUMN), with full insurance coverage, which is our custodian partner for our gold and US Stocks products.

Kliring Komoditi Indonesia (KKI)

KKI is a privately owned company with full insurance coverage for all Crypto products sold on our platform.

Securities Investor Protection Fund (SIPF)

Customers' assets are protected by the Securities Investor Protection Fund (SIPF), an investor protection institution supervised by Otoritas Jasa Keuangan (OJK). This fund provides compensation of up to Rp100 million per investor if there is a proven loss of assets due to the broker's misconduct.

Learn more about SIPF

Alpaca Securities LLC

Alpaca Securities LLC protects customers up to $30 million in security and up to $1 million in cash.

Learn more about excess SIPC coverage by Alpaca

Fireblocks

Insurance of up to $30 million applies to all funds stored in Fireblocks. Fireblocks is a world-leading custodian for crypto assets.

Pegadaian

Gold is stored in Pegadaian Warehouse, a state owned company and registered by Kinesis Monetary Indonesia (KMI) as KBI’s appointed gold depository with full insurance coverage over the gold purchased at Pluang. For gold, KBI’s real-time system will make sure any gold purchased by customers is physically available in Pegadaian. Pluang cannot facilitate customer transactions if Pluang does not have the gold inventory available in KBI and Pegadaian.

Atomic Vaults

Atomic Vaults LLC protects customers up to $500,000 in securities and up to $250,000 in cash for combined US Stocks & Options.

Learn more about excess SIPC coverage by Atomic Vaults

Indonesian Coin Custodian (ICC)

ICC operates as a regulated crypto depository wallet under the Indonesian regulator, Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti). ICC securely holds of users’ margin funds in crypto form to facilitate Crypto Futures transactions on Pluang.

We take data protection seriously

Pluang is ISO certified (ISO/IEC 27001:2013), meeting the quality process standards as defined by the International Standards Organization (ISO) in information security management systems (ISMS). Complying with ISO/IEC 27001 means that Pluang has implemented an operational system for risk management related to the security of customers’ data. This ensures that all customer data within Pluang is secured against cyber crime and cyber risks, and is guaranteed protected.

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